What is the uses of a standard costing system, Accounting Basics

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What is the uses of a standard costing system

Tigubuki company, a sofa maker, uses a standard costing system. each sofa contains 2 metres of material. however, there is unavoidable material waste of 20% when the colth is cut for assembly. the cost of cloth is $2 per meter. the standard direct material cost for cloth per sofa is?

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Accounting Basics: What is the uses of a standard costing system

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Accounting Basics: What is the uses of a standard costing system

Reference No:- TGS0708249

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What amount should the patent be carried

Q : Compare the answer with the amount shown on amortization

Q : Round interim calculation to nearest number

Q : Who are the stakeholders that are harmed or benefitted

Q : What is the uses of a standard costing system

Q : Determine the amount of dividends paid each year

Q : Corporation applies overhead cost to jobs

Q : Assume the retailer offers to pay

Q : Explain the beneficiary of the last remaining fraternity

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the uses of a standard costing system

Reference No:- TGS0708249

Recent Questions Asked Accounting Basics

Q : What amount should the patent be carried

Q : Compare the answer with the amount shown on amortization

Q : Round interim calculation to nearest number

Q : Who are the stakeholders that are harmed or benefitted

Q : What is the uses of a standard costing system

Q : Determine the amount of dividends paid each year

Q : Corporation applies overhead cost to jobs

Q : Assume the retailer offers to pay

Q : Explain the beneficiary of the last remaining fraternity

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